ICAEW leads collaborative workshop to help UAE Businesses with sustainable transition plans

ICAEW leads collaborative workshop to help UAE Businesses with sustainable transition plans

DUBAI: ICAEW, in partnership with Accounting for Sustainability (A4S), HM King Charles III’s sustainability project, and Transition Planning Taskforce (TPT), a consultancy launched by HM Treasury in the UK, recently delivered a strategy workshop in Dubai during Heriot-Watt University’s Climate Hub event. Held on 5 December on the sidelines of COP28, the workshop aimed to equip UAE businesses with the knowledge and tools necessary for developing and implementing effective sustainable transition plans.

With the UN revealing how little progress has been made on meeting the Sustainable Development Goals, ICAEW called on the business community to become a voice of progress and accelerate the net zero agenda by turning their sustainability aspirations into reality.

The workshop agenda focused on transforming transition plans from static documents into dynamic, strategic tools that serve more than an organisation. To drive meaningful change, companies must also contribute to a larger societal and economic realignment. Discussions highlighted the need for businesses to adopt a comprehensive approach, embracing transformative changes that extend beyond their immediate boundaries to effect industry-wide transitions.

Emphasis was placed on the need for a unified, standardised language to facilitate clear communication throughout the net zero journey. Establishing transparent dialogues about external dependencies, cost implications, and regulatory